w i n d An intelligent way of using the world s endless potential. Wind power with wpd.

444 In Schleswig-Holstein and Lower Saxony, wind turbines generate a combined nominal output of 10,904 MW, including 444 MW constructed by wpd. 680 In Brandenburg and Mecklenburg-Western Pomerania, wind turbines generate a combined nominal output of 6,764 MW, including 680 MW constructed by wpd. 529 In Saxony-Anhalt and Thuringia, wind turbines generate a combined nominal output of 4,709 MW, including 529 MW constructed by wpd.

we guarantee that wind projects become reality Limited natural resources, climate change and the need for an independent power supply mean that renewable energy is fast becoming an integral part of the energy mix for tomorrow s world. For more than fifteen years wpd has been working at the forefront of the wind industry by building more than 1,500 wind turbines and creating more than 860 jobs within our fast-growing company. Ever since the beginnings of the wind industry, wpd has significantly shaped its development and we continue to be the leading innovative driving force in the new fields of offshore and repowering. We re successful because we re dedicated, can draw on a wealth of experience as well as highly skilled and knowledgeable employees. Welcome to wpd! 3

There s enormous potential in the air The wind industry is one of the driving forces in our economy. Already the potential that wind offers in terms of generating power is 200 times greater than today s energy consumption on our planet. 30 Global growth rates of 25 to 30% show that the change is possible. As predicted by the German government, Germany is well on its way to achieving its political target of increasing its use of renewable energies to 35% of its total power consumption by 2020. And all over the world, the course is set for growth: China is planning to add another 200 GW to the mix until 2020. At the same time, the U.S., as the world s largest energy consumer, increasingly sees climate protection as a call for action. 4

460 The wind industry is the driving force behind the economy. Every year, approximately Euro 60 billion is invested in the construction of wind turbines around the world. It s predicted that global investment in renewable energies will increase six-fold to reach Euro 250 billion by 2020 and then nearly double again to approximately Euro 460 billion by 2030. 80 Currently 80% of Germany s wind industry is exported. The technological pole position of German manufacturers and the experience of the developers give the industry an excellent foundation on which to cope with the challenges of booming international markets. 5

The energy revolution hasn t just started for us. We re right in the middle of it. Our wind power projects make sure that the change towards renewable energies will become reality. Climate protection and European expansion goals make the growth of wind power a must. wpd has set out a clear plan: we believe that the protection of our climate is vital for our planet and have been strongly pursuing it since 1996. We ve completed about 250 wind projects in Germany and abroad with a combined power output of 2.5 GW. This has turned our medium-sized company into a key global player in the growing market of wind power. Our ongoing quest for new business segments now puts us in the position of being able to provide the complete value-added chain, from planning through to operation. wpd s diverse range of activities and our financial strength have resulted in consistent positive A-ratings over the years. wpd s young and dynamic team has always understood the importance of using varying market conditions for consistent and sustainable company development. Commitment, passion for the industry and the profound expertise of our 860 employees combine together to make each and every project a huge success. A flat hierarchy and streamlined decision-making processes are the key to maximum flexibility and customised solutions. Excellent knowledge, the ability to get the job done and a wealth of experience make wpd a reliable partner for manufacturers, banks, communities, land owners, project planning companies and investors. 6

83 TWh 2.5 % 179 TWh 5.0 % 2005 2010 The portion of the wind energy within the European cumulative power consumption Source: EWEA, 2013 582 TWh 16.0 % Newly constructed European power plant capacities in 2012 Source: EWEA, 2013 Coal 3,065 MW Other 901 MW Biomass 1,338 MW Water 424 MW Nuclear energy 22 MW 2020 Photovoltaic 16,750 MW Wind energy 11,566 MW 250,000 200,000 150,000 Gas 10,535 MW 100,000 Wind power capacity installed in MW Source: GWEC, 2012 Global Europe 50,000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 6,100 7,600 10,200 13,600 17,400 23,900 31,100 39,431 47,620 59,091 74,052 93,823 120,791 158,000 197,039 238,035 282,482 3,476 4,753 6,453 9,678 12,887 17,315 23,098 28,491 34,372 40,500 48,031 56,517 64,935 75,435 86,279 97,028 109,237 7

We support projects from A to Z 1. Site identification Our engineers identify the best locations for wind turbines paying special attention to technical and commercial data, conservation issues and any concerns that local communities may have. 2. Securing land under civil law Suitable locations are secured through purchase and lease agreements with land owners. 7. Financing Together with leading financial institutions, we develop solid financing concepts for the wind farms. 8. Construction Our civil engineers provide support throughout the entire construction phase and make sure the wind farm is built successfully. 9. Start of operation Our electrical engineers make sure that the wind farm is safely connected to the power grid. 8

3. Determining wind potential In addition to measuring the wind, we commission renowned experts to determine the exact wind potential. 4. Technical planning/ micrositing Specialists develop the optimum wind farm configuration, taking a wide range of parameters into consideration. 6. Grid connection planning Our electrical engineers cooperate with grid operators to develop the optimum grid connection concept. 5. Permit process We organise all necessary surveys, put together the required documentation and follow the whole permit process from start to finish. 10. Business and operations management We guarantee the optimum technical and commercial operation of wind farms throughout their entire operating life. 11. Spot-market sales We develop innovative concepts in order to be an independent power producer and sell energy on the spot-market. 9

Big numbers for the wind industry The wind industry is growing more and more in significance. Global employment figures and the number of gigawatts installed are increasing year by year, reducing CO 2 emissions by millions of tonnes. 100 Renewable energies come from regional, decentralised sources. This fact plays an important role for all those countries relying mainly on energy imports from countries outside the EU. Fossil fuels are generally obtained from markets vulnerable to dramatic price fluctuations and political risks. Renewable energies provide a mid-term solution for protecting us against the rising costs of imported energy. And at wpd we believe that adjusting our power production to be 100% renewable is entirely possible. 10

650 000 Today, the wind industry employs 650,000 people. In Germany, the number of employees is about 100,000, with a continuously rising trend. The Global Wind Energy Council predicts that the number of employees worldwide might reach 2.6 million by 2030. 40 000 000 One trillion tonnes of CO 2 have been released into the atmosphere since the beginning of industrialisation. Most people today agree that global warming must be kept below 2 C to make sure that the planet survives. In order to prevent any further global warming, a permanent reduction in CO 2 emissions is crucial. In 2010 wind power in Germany reduced CO 2 emissions by nearly 40 million tonnes. Without the use of renewable energy sources, Germany s total CO 2 emissions would be approximately 15% higher. 11

onshore Around the world, wind turbines with a combined nominal output of about 280 GW have already been constructed. And the trend is rising rapidly. Strong political and social support along with further technological innovations present huge opportunities for harvesting the power offered by the wind. 12

wpd onshore The speed of onshore wind power development over the past 20 years has been truly breathtaking. And wpd s development has been just as impressive. wpd was founded in 1996 and has since become a leading developer and operator in Germany. It s grown from a two-person business to an international company with over 860 employees. The management s forward-thinking approach to conquering new markets and business sectors has always led to consistent company growth. The key to our success has been the dedication of our employees, their far-reaching experience and their corporate identification with our company. We also owe our success to our exceptional networks and partnerships and close cooperation with local partners in the international markets. Ranked as a premium client of our manufacturers, banks, suppliers and insurance companies, we have developed a top position amongst all relevant competitors. This position is strengthened by our construction expertise, our track record in operating 2 GW projects and the prospects of our large international project pipeline. Total onshore output: 2.5 GW installed 6.7 GWplanned 13

offshore Locations off the coast are the ideal environment for multi-megawatt wind turbines. They present us with new opportunities, but also pose us with demanding technical and economical challenges. 14

wpd OFFSHORE Offshore is a major opportunity as well as a challenge. wpd s experts demonstrate how to develop offshore wind projects successfully. Offshore wind farms are gaining ground as part of the future global energy supply. They reach the dimensions of large-scale power plants, with lower risk, without the use of raw materials and without emitting harmful substances compared to fossil-fuel energy sources. During the process, wpd deals with offshore wind project development and construction issues such as: water depths of more than 40 m, distances to the coast of up to 100 km, complicated permitting processes, challenges during the construction phase as well as sophisticated technology requirements, operations and maintenance, optimizing the excellent wind conditions and staffing a qualified and experienced team. wpd has proven its capacities to meet these challenges through a number of successful projects and has gotten eight projects with a total capacity of 3 MW trough the permitting phase and has strong partners to reach financial close. wpd managed the Baltic 1 project through the construction phase. The project was connected to the grid in 2011 becoming Germany s first commercial offshore wind farm. In just ten years, wpd has become a leader in the European offshore wind sector. In 2012, wpd, with a consortium of partners, won the French tender for offshore wind farms with a total capacity of 1 GW. wpd will also participate in the two upcoming French tenders. Altogether wpd is working on an offshore pipeline of 10 GW in Germany, France, Finland, Sweden, Italy and Denmark. Achim Berge Managing Director wpd offshore Butendiek: 80 wind turbines to be constructed in the North Sea The team is currently working on the development of the 288 MW (80 turbines) Butendiek project in Germany s North Sea. In February 2013, wpd achieved the Euro 1.3 billion financial close with a group of institutional investors and banks. It was a landmark occasion for wpd and for the whole offshore industry. For the first time, wpd will do not only the project management during the construction phase, but also manage the technical and operational management while serving as a shareholder, too. wpd offers a one-stop shop for all phases of the offshore projects a unique and appreciated combination in the offshore sector Total offshore output: 3 GW consented 10 GWplanned 15

Wind has no limits CANADA ON 230 MW UK ON 50 MW DENMARK OFF 570 MW BELGIUM ON 9 MW FRANCE ON 68 MW 650 MW OFF 2,800 MW wpd branches world wide: Country GERMANY BULGARIA FINLAND FRANCE ITALY CROATIA POLAND ROMANIA SWEDEN SPAIN UK Branch Bremen Bietigheim-Bissingen Düsseldorf Egeln Kassel Osnabrück Potsdam Rostock Viöl Varna Espoo Paris, Limoges Rome Dubrovnik, ãibenik Poznan, Szczecin Iasi, Galați Stockholm Almeria, Valladolid Edinburgh CHILE ON 350 MW PORTUGAL ON 2 MW ARGENTINA ON 200 MW SPAIN ON 65 MW 200 MW Legend ON wpd onshore OFF wpd offshore ARGENTINA CHILE CANADA Buenos Aires Santiago de Chile Mississauga installed planned 16

FINLAND ON 310 MW OFF 1,200 MW SWEDEN ON 6 MW 470 MW OFF 1,900 MW POLAND ON 11 MW 350 MW GERMANY ON 1,877 MW 2,300 MW OFF 48 MW 2,300 MW ROMANIA ON 350 MW CROATIA ON 58 MW 60 MW TAIWAN ON 319 MW 580 MW MONTENEGRO ON 50 MW ITALY ON 3 MW 290 MW OFF 342 MW GREECE ON 10 MW 100 MW BULGARIA ON 200 MW 17

We follow the wind from planning through to energy trading With wpd, you ll gain a partner that is going to take care of absolutely everything, from development to construction through to energy trading. Because we select the perfect locations with the greatest wind potential, our wind projects will always achieve optimum results. Eight model projects represent the variety of the various assignments and realisation strategies. 18

ONshore ProjeCtS Hessen s most powerful wind farm Vogelsberg wind farm Year of construction 2012 Nominal output 32.2 MW No. of turbines 14 Turbine model Enercon E 82 Björn Naßler Project Manager Wind energy and woodlands are a good match wpd developed the Mücke-Feldatal-Ulrichstein wind farm in the Vogelsberg region in co-operation with Renertec AG. The park consists of 14 Enercon E 82 E2 turbines. It is 430 meters above sea level. It is the biggest park with the most capacity in the province of Hessen. This project showed that forest and wind energy can go well together. One of the turbines is situated in the marginal area of a forest. To keep the area needed for the construction as small as possible, the rotor blades were installed one by one. Due to this the construction area was one third smaller than what is usually needed for the construction of a turbine. The part of the forest that was chopped down for the time of construction has been afforested elsewhere due to sustainability. One wind farm, many concerns Farnstädt wind farm Making projects successful while taking everyone s concerns into consideration Year of construction 2007 Nominal output 32 MW No. of turbines 16 Turbine model Vestas V 90 Carsten Schulz Project Manager In 2004, wpd constructed three 1.5 MW turbines in Farnstädt in partnership with a private provider. In June 2004, wpd took over the planning of 16 more turbines from a small project developer. It took another four years to the start of operation. This included designing the most effective wind farm configuration, signing of numerous utilisation and land use agreements, an extremely complex permit process and the construction of our own electrical substation. It was essential to find a solution that would satisfy everyone involved property owners, the community, authorities, energy providers and the operators of a neighbouring wind farm. The fact that the wind turbines have been operating since October 2007 goes to show just how successful wpd was in handling these tasks. 19

A lot of rock removed in Croatia Ponikve wind farm Andreas Chollet Project Manager Year of construction 2012 Nominal output 36.8 MW No. of turbines 16 Turbine model Enercon E 70 In the spring of 2012, the Croatian government made some changes to their regulations to support additional investments in renewable energy. wpd will continue to help Croatia meet these renewable energy goals. The Ponikve wind farm is wpd s third park in Croatia. Ponikve is situated approximately 60 km north-west of Dubrovnik. It produces ecofriendly energy for 60,000 households. wpd s construction team describes the project as one of the most interesting. The team had to deal with a large number of rocks, which had to be demolished. Additionally, wpd had to confront poisonous snakes, storms, freezing rain and a lot of snow. Still, wpd managed to finish the wind farm on time. One of the most exciting projects Successfull project purchase in France Mont d Ergny wind farm The wind farm Mont d'ergny, located in the region Nord-Pas de Calais of nothern France, is producing power since October 2012. Bought as a turn-key project, wpd is operating four wind turbines of the type E 70 (2.3 MW). With this extension wpd has currently installed six wind farms in France, generating 67.7 MW. wpd windmanager is in charge of the technical and commercial operation of these sites. Planned by partner - finalised by us Nicolas Ugalde Project Manager Year of construction 2012 Nominal output 9.2 MW No. of turbines 4 Turbine model Enercon E 70 20

A series of hurdles with a happy ending Balkum-Thiene wind farm Year of construction 2007 Nominal output 27.6 MW No. of turbines 12 Turbine model Nordex N 90 Michaela Bruns Project Manager wpd generates environmentally friendly power for more than 14,500 households The Balkum-Thiene project presented numerous challenges. First, the concerns of more than 70 land owners had to be taken into account. This was achieved in part with a site pooling model from which all the land owners are profiting, including those who do not have a turbine constructed on their property. Another unique feature was that farm land consolidation took place during the development and construction phases of the wind farm. Second, there were delays during construction because granates from World War Two were found just as the access road was being completed and therefore had to be removed. Nevertheless, the Balkum-Thiene wind farm successfully began operation in autumn 2007 and has been generating power for approximately 14,500 households. The arrival of winter leads to some tense moments Mittelhausen wind farm Year of construction 2010 Nominal output 12 MW No. of turbines 6 Turbine model Vestas V 90 We successfully completed this project despite the arrival of winter in the middle of construction Birgit Schneider Project Manager No two projects are the same and almost no other wind farm has held as many surprises as Mittelhausen. In addition to the unusually complex property and farming conditions and the initial competition issues, the arrival of winter posed an unexpected challenge during the construction phase. By working closely with the community and frequently holding meetings with all those involved, we were able to overcome all the obstacles. The Mittelhausen wind farm finally began operation and became a home to six turbines that are now turning cheerfully in the stiff breeze. 21

Offshore-Projects Green power for 126 000 households Baltic 1 wind farm off the coast of Mecklenburg-Western Pomerania Year of construction 2011 Nominal output 48.3 MW No. of turbines 21 Turbine model Siemens 2.3 MW Martin Lehnhoff wpd offshore solutions Managing Director From the planning to the powering stage, all completed with strong team spirit wpd developed this wind farm in close cooperation with the local community, technical planning authorities, state government and with the support of the local economy. The work has been successfully completed with construction and commissioning in 2011. A wpd team was working closely with a local manufacturer in constructing the optimum foundation to compensate for the tricky interaction of ground conditions, wind, waves and the weight of the turbines. Developing one of the first commercial offshore projects in Germany and providing support throughout the construction phase is a major step for wpd. We were able to use the experiences we made in the past for the Butendiek project that we are currently developing. 498 MW in the English Channel Fécamp offshore wind farm Start of construction 2015/2016 Nominal output 498 MW No. of turbines 83 Turbine model Alstom-Haliade 150 Vincent Balès wpd Offshore France Managing Director In 2008, wpd initiated the development of the Fécamp project in close cooperation with the local communites of Fécamp, Étretat and the local fishermen. wpd conducted the environmental studies according to the highest standards important because the wind farm is located in a European nature protection area called Natura 2000. Fécamp is a good example of successfull local cooperations For the first tender in 2011, the French government selected the area. wpd partnered with EDF, DONG Energy and ALSTOM. In 2012, this consortium won the Fécamp project and the Courseulles project, a 450 MW project located in the Normandy. wpd is focused currently on the approval process and aims to start construction of Fécamp in 2015/2016. 22

OUR CONCEPT: A CO 2 -FREE COMPANY Planning and constructing wind farms has already helped us to make a significant contribution to protecting the world s climate. However, improvements are always possible. We don t just protect the climate through our daily business but at wpd we go the extra mile. As proof of our ongoing commitment to the environment we ve earned the status of a CO 2 -free company. To achieve this this highly regarded status we first carried out a comprehensive study to calculate the total emissions of all the wpd offices, including emissions from flights, train and car journeys, heating and electricity consumption. The study revealed that wpd emits approximately 1,200 tonnes of carbon dioxide per year, a figure which is constantly increasing due to the company s rapid growth. We then analysed numerous possible projects that would enable us to turn wpd into a carbon-neutral company. Before long, we had two of these projects. Reforestation of the rainforest Bosque los Cimientos, Guatemala The Bosque los Cimientos project is aimed at preserving the Guatemalan rainforest. As well as planting new trees, it also seeks to restore biodiversity and involves the local community in promoting the sustainable use and preservation of the rainforest. Partners in this project are medico international e.v. and a local aid organisation. In 2012, the project offset approximately 470 tonnes of CO 2 emissions. A mangrove forest preservation Halwatura, Sri Lanka The Halwatura project is run in partnership with a local foundation, with the aim to purchase an area of 100 hectares of mangrove forest in several phases. Reaching this goal will mean that we ll protect this unique biotope for future generations and prevent drainage and commercial exploitation in the region. The first stage saw the purchase of 30 hectares with the support of the locally based Nagenahiru Foundation. The forest area is offsetting around 1,500 tonnes of CO 2 emissions per annum. 23

MILESTONES 1996 wpd GmbH founded by Dr. Klaus Meier and Dr. Gernot Blanke 1997 wpd completes the first wind farm: Olzheimer Berg 1998 wpd completes three projects, including Ravensberg wind farm, which for many years remained the largest in Mecklenburg-Western Pomerania 2001 wpd AG founded Kyritz and Mistorf wind farms completed, representing an investment of Euro 20 million each wpd has over 200 wind turbines with a combined nominal output of approx. 240 MW 2002 wpd has 20 employees The total investment amount exceeds Euro 500 million wpd opens its Stockholm office 2000 wpd offshore solutions GmbH founded More than 100 wpd wind turbines are online, with an output of 100 MW 2003 wpd has 30 employees 400 turbines with a combined nominal output of approx. 560 MW are constructed wpd enters Taiwanese, Italian, French and Croatian markets 1999 wpd has four employees Grimmen wind farm is wpd s first in the megawatt-class 2004 wpd opens its London office wpd has 45 employees 480 turbines online with combined nominal output of 700 MW 24 2007 wpd obtains approvals for projects in Spain totalling 94.5 MW nominal output wpd enters Canadian and Argentine markets Approval granted for He Dreiht offshore project in the North Sea 2008 Sale of Hochseewindpark Nordsee (Hohe See), Baltic 1, Kriegers Flak I (Baltic 2) and He Dreiht offshore projects to EnBW, with agreement for long-term cooperation on project and construction management Market entry in Romania, Panama and Chile 2006 wpd acquires EnerSys GmbH, one of the leading wind project developers. The managing director of EnerSys, Dr. Hartmut Brösamle, becomes a member of the wpd Board of Directors and Head of the Project Development and Construction Division The acquisition allows wpd to dramatically expand its Project Development Division, including a fortified international presence thanks to the acquisition of EnerSys subsidiaries in France, Spain, Croatia and Bulgaria Construction start of the Havelland wind farm with 90 Enercon E70 and E82 wind turbines 2005 wpd enters the area of international project financing with a 50 MW wind farm in Taiwan Total investments exceed Euro 1 billion Approval granted to construct the first offshore wind farm in the Baltic Sea Sale of the largest Swedish offshore project to Vattenfall wpd enters Belgian, Finnish and Greek markets 2009 wpd sells nine wind projects with a combined nominal output of 163 MW to Stadtwerke München, HSE and Mainova Delivery agreement signed for Baltic 1 offshore project Applications submitted for first offshore projects in France (Courseulles) and Finland (Suurhiekka)

2010 Approval of the Ponikve project in Croatia wpd gains building permit for the offshore wind farm Storgrundet (up to 265 MW) off the Coast of Soderhamn in Sweden wpd takes over Butendiek offshore wind farm from SSE Renewables Most successful year in regard to acquisition with a total of 405 MW in newly secured projects 2011 Successful signing of Croatian wind farm Expansion campaign for wind energy in Europe: wpd and SWM pool their competencies Secured supply contracts for Butendiek offshore wind farm in Germany wpd receives further feed-in contract for wind farm in Ontario, Canada wpd erects first wind farm in Poland 2012 Third Croatian wind farm of wpd europe in operation Realization of Lauterstein wind farm: co-operation between Albwerk and wpd wpd wins French offshore projects in cooperation with EDF, ALSTOM and DONG Energy The fundamental basis for implementing sustainable projects are equal partnerships, fairness and continuity. Our employees strong motivation and the high level of public support for our activities give us the drive we need to continually expand our business. Dr. Gernot Blanke Member of the Board of Directors Dr. Hartmut Brösamle Member of the Board of Directors 25

Facts & Data company headquarters phone fax internet e-mail wpd AG Kurfürstenallee 23a 28211 Bremen +49 421 168 66-10 +49 421 168 66-66 www.wpd.de info@wpd.de board of directors Dr. Gernot Blanke Dr. Hartmut Brösamle chairman of the supervisory board Dr. Klaus Meier locations germany europe americas Bremen, Bietigheim-Bissingen, Düsseldorf, Egeln, Kassel, Osnabrück, Potsdam, Rostock, Viöl Bulgaria, Croatia, Finland, France, Italy, Poland, Romania, Sweden, Spain, UK Argentina, Canada, Chile Dr. Klaus Meier Chairman of the wpd AG Supervisory Board Wind power development is the driving force behind what will become the fourth Industrial Revolution in human history 26

site notice publisher picture credits design print wpd AG Kurfürstenallee 23a 28211 Bremen istockphoto, fotolia, Jan Rathke, Getty Images, wpd, Siemens, Alstom, Nordex Brasilhaus, Bremen Prull Druck, Oldenburg